Monday Mortgage Rate Review on a Wednesday
What's new with mortgage rates in Toronto and beyond? In this rate review post, we chat about how rates are shaping ...
The Old Man, the Boy & the Donkey
An old man and a young boy were traveling through a village with their donkey. The boy rode on the donkey and the old man walked. As they went along, they passed some people who remarked it was a shame that the old man was walking and the boy was riding. The man and ...
What Is a Vtb or Vendor Take Back Mortgage?
This generation of first time borrowers are spoiled rotten. Imagine their shock 5 years from now when their ultra low 3.59% fixed rate mortgage is renewed into a more realistic 6% mortgage? When I speak to older borrowers who have been around the block a few times I am constantly reminded by them of ...
Monday Mortgage Review Sept 27th 2010
Officially these are the lowest fixed rate mortgages my father ever remembers being able to offer over the course of his 34 year long career. They may be lowest I’ll ever be able to offer as well. Here are the current Toronto Mortgage Interest Rates available this week: 2.70% – 1 Year Fixed 2.90% ...
The Banks and the Mortgage Game
This week I read an article in The Financial Post stating that 60% of mortgages in Canada are held by chartered banks. My father often talks to me about the ‘good ol’days’ when chartered banks weren’t in the residential mortgage business period. He often reflects back on the time when the majority of residential ...
Toronto Monday Mortgage Rate Review
2.70% – 1 Year Fixed 2.90% – 3 Year Fixed 3.69% – 5 Year Fixed (quick close Oct 30th) 2.87% – Merix 50/50 Mortgage (Fixed/Variable hybrid) P-.70 3 Year Variable (2.30%) P-.7o 5 Year Variable (2.30%) Prime Rate is currently 3.00%. Bank of Canada Qualifying rate 5.39%. NOTE: Rates are subject to ...